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PosteItalianeSpA-AR_2019
920
The Policy indicates that the Poste Italiane Group is committed to supporting the values of diversity and inclusion through the adoption of corporate, organisational and management mechanisms based on respect for people’s rights and freedom. In this direction, the path undertaken aims to evolve the way in which diversi...
89
annual_report
5140
1,017
Key assumptions. Our Black-Scholes-Merton option-pricing model requires the input of highly subjective assumptions, including the fair value of the underlying stock, the expected volatility of the price of our stock, the expected term of the option, risk-free interest rates and the expected dividend yield of our stock....
82
10K
BeazleyPLC-AR_2015
368
* Based on premiums due for renewal in each calendar year.
11
annual_report
4370
4,365
(e)Comprised primarily of investments that are guaranteed by a U.S. government agency.
12
10K
4703
2,220
At December 31, 2013, the Company held investments totaling $6,912.4 million, compared to $6,764.0 million at December 31, 2012, an increase of $148.3 million, or 2.2%. A significant portion of (re)insurance contracts written by the Company provides short-tail reinsurance coverage for losses resulting mainly from natur...
150
10K
4729
656
On July 18, 2013, the Company amended the terms of the $95,000 promissory note to amend the principle maturity date of July 18, 2013 to due on demand.
28
10K
1167
426
Ceded reinsurance arrangements do not relieve TRH from its obligations to the insurers and reinsurers from whom it assumes business. The failure of retrocessionnaires to honor their obligation could result in losses to TRH; consequently, an allowance has been established for estimated unrecoverable reinsurance on paid ...
138
10K
666
254
LaSalle Re Capital is committed to provide capital support for the 1998 underwriting year to the same syndicates as it supported in 1997. The level of support is not expected to change materially from that provided in 1997.
38
10K
StandardLifeAberdeenPLC-AR_2018
1,920
 Material Risk Takers and related 2018 disclosures  Group Remuneration Policy review  Executive Committee remuneration  Harmonisation of Terms and Conditions across the Group  Impact of the sale of Standard Life Aberdeen’s UK and European insurance business on remuneration matters
43
annual_report
gb_lloyds_banking_grp-AR_2003
2,516
Lloyds TSB Group plc's American Depositary Receipts (‘ADRs’) have been traded on the over-the-counter market in the US under the symbol ‘LLDTY’ since March 2000. Since 27 November 2001 Lloyds TSB Group plc ADSs have been listed on The New York Stock Exchange under the symbol ‘LYG’. The prices for Lloyds TSB Group plc's...
89
annual_report
2513
1,108
Fair value for fixed maturities, short-term investments, equities and trading securities are based on quoted market prices. Carrying value of other invested assets, excluding the investments recorded using the equity method, approximates fair value. Policy benefits for life and annuity contracts have a fair value equal...
117
10K
NatixisSA-AR_2002
3,488
Investment securities 937 36 774 2,685 4,432 Public securities and equivalents 33 - 109 3 145 Bonds and other fixed-income securities 904 36 665 2,682 4,287
26
annual_report
AvivaPLC-AR_2016
4,524
Deferred acquisition costs in respect of: Insurance contracts – Long-term business 694 610 Insurance contracts – General insurance and health business 1,037 812 Participating investment contracts – Long-term business 19 20 Non-participating investment contracts – Long-term business1 861 974 Retail fund management busin...
45
annual_report
NNGroupNV-AR_2013
1,064
Interest rate Year of Issue Due date Notional amount Balance sheet value 2013 2012 2011 8.000% 2011 Perpetual EUR 450 450 450 450 Variable 2008 Perpetual EUR 813 813 834 850 Variable 2007 Perpetual EUR 740 740 758 772 4.176% 2005 Perpetual EUR 169 176 181 313 Variable 2005 Perpetual EUR 148 148 152 154 Variable 2005 Pe...
84
annual_report
TrygAS-AR_2013
915
In 2011, Tryg set up an Ethical Hotline, which allows all employees and other stakeholders to confidentially report any wrongdoing or attempts to circumvent Tryg’s rules. The Ethical Hotline was used once in 2013.
34
annual_report
5388
741
Expenses and Taxes. An $80 million increase in expenses was primarily due to an increase in costs associated with corporate initiatives and projects, higher employee-related expenses and expenses incurred in 2017 related to the guaranty fund assessment for Penn Treaty Network America Insurance Company, partially offset...
209
10K
ASRNederlandNV-AR_2015
778
72a.s.r. 2015 annual report Report of the Executive Board 2.4 Risk management
12
annual_report
INGGroepNV-AR_2015
919
After earlier improvement in the performance of our international loan books, 2015 saw the lagging Dutch economy begin to catch up, resulting in a further reduction of our overall NPL and risk cost. The performance of the Dutch mortgage lending book and Business Lending portfolio improved, particularly in terms of lowe...
79
annual_report
PhoenixGroupHoldingsPLC-AR_2014
591
The Group undertakes regular reviews of experience and annuitant survival checks to identify any variances in assumptions. The Group has also entered into a reinsurance contract to manage this risk within appetite.
32
annual_report
4987
521
The rates that our regulated businesses charge customers for energy and services are based in large part on the costs of business operations, including a return on capital, and are subject to regulatory approval. To the extent these operations are not allowed to include such costs in the approved rates, operating resul...
68
10K
4415
1,415
We are a Bermuda-based holding company formed in June 2007 primarily focused on serving the needs of regional and specialty insurers in the United States and Europe by providing innovative reinsurance solutions designed to support their capital needs. We specialize in reinsurance solutions that optimize financing by pr...
97
10K
4797
1,246
If it is determined an other-than-temporary impairment (“OTTI”) exists, we separate the OTTI of debt securities into an OTTI related to credit loss and an OTTI related to noncredit loss. The OTTI related to credit loss represents the portion of losses equal to the difference between the present value of expected cash f...
142
10K
fr_axa-AR_1999
66
Risk”, which are statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such s...
67
annual_report
SwissReAG-AR_2015
3,436
Head office Swiss Re ltd mythenquai 50/60, P.O. Box, 8022 Zurich, Switzerland telephone +41 43 285 2121 fax +41 43 285 2999 280 Swiss Re 2015 financial Report
28
annual_report
2066
265
The placement of the Indiana HMO into rehabilitation and the bankruptcy filing of the California HMO have effectively ended our involvement in the managed care industry. As a result, we have treated our HMO subsidiaries and Maxicare Life and Health Insurance Company, Inc. as discontinued operations in the preparation o...
106
10K
HiscoxLtd-AR_2015
87
People During the year we were very happy to celebrate 20 years of operating in France and Germany, as well as ten years in Spain, USA and Bermuda. Our European business has matured into a profitable and growing part of the company against a backdrop of economic difficulty. The US and Bermudian businesses are profitabl...
56
annual_report
ScorSE-AR_2016
5,462
> Trends in the SCOR SE share price throughout 2016#F 2 TRENDS IN THE SCOR SE SHARE PRICE
18
annual_report
4543
800
In conjunction with the effective reduction of the dividend rate on our preferred equity base previously discussed, we repurchased $150 million of our 7.25% Series A preferred shares and $247 million of our 7.50% Series B preferred shares during the first half of 2012. While the Series A shares were redeemed at liquida...
150
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2005
618
Further development of the return target for 2006 We have set ourselves ambitious targets again for 2006 to follow up the successful performance of the past business year. In so doing, we have further improved the methodology employed. The return target we have used to date – the return on average ifrs equity (roe) – i...
189
annual_report
fr_axa-AR_2005
1,594
Within the insurance companies, that accounted for 90% of Group assets at December 31, 2005, assets and liabilities with foreign currency exposure are globally matched or hedged.
27
annual_report
Sampoplc-AR_2005
313
% of share % of a and B shares Number of shares capital votes
14
annual_report
5547
1,262
The loss development tables disclosed below, sets forth our historic incurred and paid loss development by accident year through December 31, 2018, net of reinsurance, as well as the cumulative number of reported claims, IBNR balances, and other supplementary information.
40
10K
AegonNV-AR_2015
3,120
General Electric, HSBC and JP Morgan. Aegon had large sovereign exposures, the largest being in the USA, the Netherlands, Germany,
20
annual_report
1017
287
The Company's effective tax rates for the years 1998, 1997 and 1996 were 37.8%, 38.4% and 20.4% respectively. The effective tax rate differs from the U.S. federal corporate tax rate due to the Company's investments in tax exempt securities, changes in the valuation allowance related to deferred tax assets, and the diff...
72
10K
BaloiseHoldingLtd-AR_2016
2,417
Baloise Group Financial Report 2016 Notes to the consolidated annual financial statements 09_FB_Kapitel_07_bis_17_en 202 22.03.2017 15:01:33
16
annual_report
HelvetiaHoldingAG-AR_2006
879
Cash amounts consist of cash on hand, demand deposits and short-term liquid investments with a maturity of 90 days or less from the date of acquisition.
26
annual_report
NatwestGroupPLC-AR_2015
8,744
Group’s competitors may be better able to attract and retain customers and key employees and may have access to lower cost funding and/or be able to attract deposits on more favourable terms than the Group. If the Group is unable to offer competitive, attractive and innovative products that are also profitable, it coul...
70
annual_report
4756
2,033
Benefits and other changes in policy reserves decreased due to a decrease in reserves of $759 million, partially offset by an increase in net paid claims of $159 million. The decrease in reserves was primarily driven by lower new delinquencies in 2012 and a reserve strengthening in 2011 that did not recur. In the secon...
229
10K
RSAInsuranceGroupPLC-AR_2019
3,981
EGI Holdings Limited8 RSA House, Dundrum Town Centre, Sandyford Road, Dublin 16, Ireland
13
annual_report
SwissLifeHoldingAG-AR_2012
171
LIMITATIONS ON TRANSFERABILITY AND NOMINEE REGISTRATIONS Swiss Life Holding shares are not subject to any limitations on transferability. According to the Articles of Association, resolutions for the introduction, amendment or repeal of limitations on transferability must be put before the General Meeting of Shareholde...
67
annual_report
BaloiseHoldingLtd-AR_2014
297
Change in claims reserve / actuarial reserves1 – 52.1 – 61.6 – 833.7 – 1,006.0
15
annual_report
2076
590
Each year, we evaluate the recoverability of the unamortized balance of the cost of policies purchased and the cost of policies produced. We consider estimated future gross profits or future premiums, expected mortality or morbidity, interest earned and credited rates, persistency and expenses in determining whether th...
68
10K
de_allianz-AR_2008
1,689
Average, high and low allocated internal actuarial risk capital by source of risk (total portfolio before minority interests, after
19
annual_report
2266
334
Revenue Recognition - Our managed care activities are performed under the terms of agreements with health maintenance organizations, preferred provider organizations, and other health plans or payers to provide contracted behavioral healthcare services to subscribing participants. Revenue under a substantial portion of...
135
10K
StandardLifeAberdeenPLC-AR_2019
1,281
3.1 Audit Committee report The Audit Committee assists the Board in discharging its responsibilities for financial reporting, internal control and the relationship with the External auditors. I am pleased to present my report as Audit Committee Chairman.
37
annual_report
PhoenixGroupHoldingsPLC-AR_2016
232
Effective management of with-profit funds facilitates estate distribution to policyholders and shareholders.
12
annual_report
5619
881
· Share Pledge Agreement under which the owners of Anhou pledged their equity interests in Anhou to WFOE to guarantee Anhou’s performance of its obligations under the EBCA. Pursuant to this agreement, if Anhou fails to pay the exclusive consulting or service fees in accordance with the EBCA, WFOE shall have the right, ...
89
10K
PowszechnyZakladUbezpieczenSA-AR_2014
2,828
Data from the profit or loss statement – group and individually continued insurance (PLN thousands)
15
annual_report
201
137
Property and equipment are reported at cost. Protective uses both accelerated and straight-line methods of depreciation based upon the estimated useful lives of the assets. Major repairs or improvements are capitalized and depreciated over the estimated useful lives of the assets. Other repairs are expensed as incurred...
74
10K
754
978
Assets Held in and Liabilities Related to Separate Accounts Separate account assets and related liabilities represent deposits maintained by several banks under a previously offered tax-deferred annuity program and, to a lesser extent, variable annuity deposits. The Company receives an annual fee from each bank for spo...
65
10K
Sampoplc-AR_2001
775
The uncertainty prevailing on investment markets was particularly reflected in the weighting of premiums written for single-premium endowment policies towards with-profit insurance. However, unit-linked insurance rose to 80 per cent of individual pension insurance sales.
35
annual_report
422
626
December 31, 1994: Life insurance in force: Individual $21,461,590 $7,411,811 $3,415,596 $17,465,375 19.6% Group 48,948,669
15
10K
3286
1,215
As of December 31, 2007, the Company was no longer subject to examination of its U.S. federal tax returns for years prior to 2004.
24
10K
3719
547
The estimated weighted-average grant-date fair value of SARS granted for the years ended December 31 was as follows:
18
10K
AvivaPLC-AR_2004
712
Each of the Group’s major business units has formally constituted audit committees which provide an oversight role for their business. All such committees include some members who are independent of the relevant business. The Group Audit Director reviews the papers and minutes from these committees and all significant ...
55
annual_report
2418
762
For derivatives not designated as a hedging instrument, the change in fair value is recognized in net income in the period of change.
23
10K
BaloiseHoldingLtd-AR_2002
530
In addition to the stock markets, unfavorable currency trends also had an adverse impact on the Baloise. On the operations side, major burdens arising from natural disasters also took their toll, in particular from the flood disasters in Austria and Germany. Despite this combination of negative factors, the Baloise rep...
77
annual_report
5174
885
Everest Re's corporate offices are located in approximately 230,500 square feet of leased office space in Liberty Corner, New Jersey. Bermuda Re's corporate offices are located in approximately 5,800 total square feet of leased office space in Hamilton, Bermuda. The Company's other 24 locations occupy a total of approx...
72
10K
gb_prudential-AR_2011
5,249
Corporate pensions 184 228 215 198 233 221 1,224 1,099 Onshore bonds 1,779 1,660 – – 178 166 1,781 1,660 Other products 780 774 44 56 122 133 978 1,089 Wholesale 336 945 – – 34 95 336 945
39
annual_report
5343
458
In evaluating the results of our Specialty, Commercial and International segments, we utilize the loss ratio, the expense ratio, the dividend ratio and the combined ratio. These ratios are calculated using GAAP financial results. The loss ratio is the percentage of net incurred claim and claim adjustment expenses to ne...
167
10K
StorebrandASA-AR_2010
1,193
the value of an intangible asset is tested for impairment if there are indications of a fall in its value; otherwise intangible assets are subject to write-downs and reversals of write-downs in the same manner described for tangible fixed assets. When insurance contracts are purchased as part of the integration of an e...
150
annual_report
4566
749
The carrying amount and estimate fair value of the Company’s financial instruments as of December 31, 2012 and December 31, 2011 are as follows (in thousands):
26
10K
NatixisSA-AR_2013
8,353
Resolution seven (Opinion on components of compensation due or granted in respect of the fiscal year ended December 31, 2013 to Laurent Mignon, Chief Executive Officer)
26
annual_report
INGGroepNV-AR_2015
7,137
Sovereigns PD Bands 117,789 103,137 14.2% 8,297 7,926 5% <0.05% 91,754 82,105 11.8% 283 240 18% 0.05% to 0.5% 25,532 20,584 24.0% 7,386 7,303 1% 0.5% to 5% 276 251 10.0% 195 46 325% 5% to 10% 63 77 –18.0% 10 20 –51% 10% to 20% 43 111 –61.4% 30 316 –90% 20% to 50% 103 3 2,995.3% 325 1 34,6% more than 50% 18 6 221.4% 68 ...
70
annual_report
5858
608
•Change in fair value of acquisition related derivatives: In connection with the JLT Transaction, to hedge the risk of appreciation of the GBP-denominated purchase price relative to the U.S. dollar, in September 2018, the Company entered into a deal contingent foreign exchange contract (the "FX Contract") to, solely up...
141
10K
1131
410
14. FAIR VALUE OF FINANCIAL INSTRUMENTS The following table presents the carrying amounts and estimated fair values of the Company's financial instruments at December 31:
25
10K
BaloiseHoldingLtd-AR_2013
1,442
Financial Report Notes to the consolidated annual financial statements cash flows and reference to similar, fairly recent arm’s­ length transactions between knowledgeable, willing parties). If such estimates do not enable financial assets to be reliably measured, the assets are recognised at cost and disclosed accordin...
76
annual_report
gb_prudential-AR_2008
4,123
Under IFRS the surpluses or deficits attaching to these schemes are accounted for in accordance with the provisions of IAS 19 that effectively apply the principles of IFRIC 14, which was adopted in 2008 providing guidance on assessing the limit in IAS 19 on the amount of surplus in a defined benefit pension scheme that...
61
annual_report
5416
436
The analysis of our credit insurance lines of business quantifies the estimated impact on gross loss reserves of a reasonably likely scenario of varying the ratio applied to the earned premium to determine the IBNR reserves at December 31, 2017. IBNR reserving methodology for this line of business focuses primarily on ...
115
10K
fr_axa-AR_2000
2,594
meeting. Generally, shareholders holding one third of the voting power of AXA’s outstanding ordinary shares would constitute a quorum. However, pursuant to French law, no such extraordinary shareholders’ meetings may decide (i) to increase the liability of the shareholders towards the company or a third party; or (ii) ...
84
annual_report
PhoenixGroupHoldingsPLC-AR_2016
2,269
Operating profit also excludes the impact of the following items: – amortisation and impairments of intangible assets; – finance costs attributable to owners; and
24
annual_report
PhoenixGroupHoldingsPLC-AR_2015
1,084
The weightings of the LTIP performance measures for 2016 are summarised below: Performance Measure Weighting of Performance Measure
18
annual_report
4385
1,042
Average liabilities for insurance products, net of reinsurance ceded were $5.3 billion in 2011, down 4.1 percent from 2010, and $5.5 billion in 2010, down 5.0 percent from 2009. The decreases in such liabilities were primarily due to: (i) the coinsurance transaction with Wilton Re completed in September 2009, as furthe...
74
10K
PhoenixGroupHoldingsPLC-AR_2018
3,100
Credit ratings have not been disclosed in the above tables for holdings in unconsolidated collective investment schemes and investments in associates. The credit quality of the underlying debt securities within these vehicles is managed by the safeguards built into the investment mandates for these vehicles.
45
annual_report
GjensidigeForsikringASA-AR_2019
1,514
Basic own funds 21,855.1 18,761.1 21,261.9 21,899.5 Own funds of other financial sectors 4,904.0
14
annual_report
ScorSE-AR_2011
1,229
 Additionally, in 2009, there was only one non natural catastrophe loss in excess of EUR 10 million. This was a business solutions claim which resulted in an impact of EUR 18 million, gross and net of retrocession. As at 31
41
annual_report
4094
779
Dental membership decreased 454,000, or 9%, primarily due to the loss of several large customers and sales continue to lag due to a slowing economy.
25
10K
BeazleyPLC-AR_2016
1,303
Neil P Maidment • Achievement of strong underwriting result with a combined ratio of 89%, despite strong competitive markets continuing in 2016
22
annual_report
StorebrandASA-AR_2004
123
2) Includes both defined benefit and defined contribution pension schemes, public sector pension schemes and schemes for associations etc.
19
annual_report
712
602
Short-term and Long-term Debt. Fair values for long-term debt issues are estimated using discounted cash flow analysis based on LNC's current incremental borrowing rate for similar types of borrowing arrangements. For short-term debt, the carrying value approximates fair value.
39
10K
StandardLifeAberdeenPLC-AR_2019
480
+162% Total shareholder return over 10-year period to 31 December 2019 (FTSE 100: +104%)
14
annual_report
ScorSE-AR_2013
6,695
 Benefits for children such as back-to-school vouchers, the “early childhood” bonus, summer camps and recreation centers.
17
annual_report
GjensidigeForsikringASA-AR_2015
2,879
Fair value of plan assets As at 1 January 2,389.0 2,389.0 2,378.1 2378.1 Interest income 59.9 59.9 95.8 95.8 Return beyond interest income (5.3) (5.3) 0.7 0.7 Contributions by the employer 5.7 5.7 6.3 6.3 Benefits paid (89.5) (89.5) (85.3) (85.3) Employers' national insurance contributions of benefits paid (5.7) (5.7) ...
52
annual_report
5728
630
In compliance with annual statutory reporting requirements, our appointed independent actuary provides a Statement of Actuarial Opinion (“SAO”) indicating that carried loss and LAE reserves recorded at each annual balance sheet date make a reasonable provision for all of the Insurance Entities’ unpaid loss and LAE obli...
100
10K
TrygAS-AR_2012
312
Profit/loss on gross business 150 183 159 567 Profit/loss on ceded business -19 -25 132 32 Technical interest, net of reinsurance 2 -2 19 5
25
annual_report
4138
803
We expense all advertising costs when we incur those costs. For the years ended December 31, 2009, 2008 and 2007, we incurred advertising costs of $712, $484 and $349, respectively.
30
10K
4382
1,725
Aggregate scheduled maturities of the Company’s borrowings at December 31, 2011 are:
12
10K
4310
4,205
The pension and other postretirement benefit plan assets are categorized into the three-level fair value hierarchy, as defined in Note 1, based upon the priority of the inputs to the respective valuation technique. The following summarizes the types of assets included within the three-level fair value hierarchy present...
52
10K
StorebrandASA-AR_2006
1,932
+/- Transfers and additions to reserves 85.5 -19.0 -66.5 17.7 17.7 -
12
annual_report
AvivaPLC-AR_2009
2,459
Change in investment contract provisions 7,240 — 2,643 122 (126) 401 349 — 10,629 Change in unallocated divisible surplus 2,151 — 2,301 30 — — — — 4,482 Amortisation of deferred acquisition costs and acquired value of in-force business — — (39) (5) (285) (4) — — (333) Depreciation and other amortisation expense (70) (1...
107
annual_report
PhoenixGroupHoldingsPLC-AR_2014
2,917
BASIS OF ACCOUNTING AND RESTRICTION ON USE Without modifying our opinion, we draw attention to pages 216 to 218 of the Phoenix Group MCEV supplementary information, which describe the basis of preparation. The Phoenix Group MCEV supplementary information is prepared by Phoenix Group Holdings in accordance with the basi...
151
annual_report
StandardLifeAberdeenPLC-AR_2020
173
Technology and data Continuing to invest in agile technology, advanced data analytics and next generation computing as critical capabilities to enhance our wide range of outcomes and efficiencies as a global, client led investment manager.
35
annual_report
5521
947
For each of its reinsurance agreements, the Company determines whether the agreement provides indemnification against loss or liability relating to insurance risk. The Company reviews contractual features, particularly those that may limit the amount of insurance risk to which the reinsurer is subject or features that ...
87
10K
PowszechnyZakladUbezpieczenSA-AR_2020
0
2 3MANAGEMENT BOARD’S REPORT ON THE ACTIVITY OF THE PZU GROUP AND PZU SA 2020
15
annual_report
RSAInsuranceGroupPLC-AR_2011
189
In 2008, we partnered with Gallup on our staff engagement programme, setting ourselves an ambitious target to achieve upper quartile engagement by 2011. I am pleased to report that we have achieved this. Gallup has described this achievement as ‘unprecedented’, with most organisations taking five years to accomplish wh...
95
annual_report
fr_axa-AR_2000
4,228
Information relating to the subordinated debt (including terms of redemption by the issuer and share conversion) and bonds mandatorily convertible into ordinary shares of AXA is provided in note 10 to AXA’s consolidated financial statements.
35
annual_report
800
174
-- Consolidated Statements of Stockholders' Equity for the years ended December 31, 1997, 1996 and 1995.
16
10K
2925
840
At the September 2004 meeting, the EITF reached a consensus with respect to Issue No. 04-8, “Accounting Issues Related to Certain Features of Contingently Convertible Debt and the Effect on Diluted Earnings per Share.” This Issue addresses when the dilutive effect of contingently convertible debt (Co-Cos) with a market...
76
10K
4517
1,412
The Medicaid MCR in our Western Region Operations segment was 85.5 percent for the year ended December 31, 2011 compared with 87.7 percent for the year ended December 31, 2010. This decrease is due to an increase in the premium yield outpacing the increase in the Medicaid health care cost trend.
51
10K
NatwestGroupPLC-AR_2015
1,813
The Committee considered issues under the accountability review process at every meeting. Future pay construct and people proposition was considered at the majority of meetings.
25
annual_report